The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker HDB) has announced its half-yearly results with pre-tax profits of nearly VNĐ 5.5 trillion (US$231.6 million) its 10th straight year of growth.
Sacombank began a project on June 7 to implement Basel III and strengthen risk management capacity with EY Vietnam Consulting Joint Stock Company offering consultancy.
Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.